BRENT oil price forecast on December 26, 2016


Quotes BRENT crude oil continues to move in the forex reversal patterns of Head and Shoulders. We continue to hold the sale of oil from a close stop above the right shoulder model. Is expected to accelerate only after the breakdown of the neckline, which will indicate the completion of an FX model and accelerate the fall.In favor of such an option in favor and a break of the trend line on the indicator of relative strength.

BRENT oil price forecast on December 26, 2016

BRENT oil price forecast on December 26, 2016

Cancellation option drop in prices of oil will be stronger growth and the breakdown field of 58 dollars per barrel, which will point to the abolition of the model and the continued growth of quotations BRENT. On Monday, the oil market will be closed and trade will only be available on Tuesday. We continue to hold the sale of oil and are ready to try new deal with decreasing development.

BRENT oil price forecast on December 26, 2016 involves an attempt to fall within the beginning of working out a reversal pattern Forex Head and Shoulders.


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